Do foster carers get paid?
Whilst fostering is all about delivering care at home, you are not expected to do this for free. Fostering is recognised as a professional career. You are providing a nurturing and safe environment, and devoting lots of your time to the task. It is only fair that you are compensated for the important work that you do.
When you receive a child into your home you will be paid an allowance. This allowance is your reward for fostering but also covers the day to day cost of looking after that young person, including providing them with appropriate leisure activities, lunch money and an agreed amount of pocket money.
Our fostering allowance is paid fortnightly directly into your bank account, and the amount will vary depending on the child in your care and the complexity of their needs.
Your supervising social worker who works with you during the assessment, will help you identify what children or young people you are most suited to caring for. This will depend on your skills and experience, on the size of your home, and on your own family composition. You may wish to be assessed for and approved to look after more than one child and you will receive a fostering allowance for each child you care for.
Whilst our foster carers do not take on the role simply for the monetary reward, it is worth remembering that fostering is classed as self-employment and HMRC allows various tax exemptions or tax relief for foster carers. Details of these will be explained during the application process.
If you are considering becoming a foster carer, but are worried about the financial side of things then you should give us a call as we would be happy to explain more and put your mind at rest.